I'm not going to link the NCAA.org site again as I linked it in the other thread. It clearly states the list of rating indexes considered which are considered.
Here is the text from the article which I was referring. Thought it gave some honest insight you don't get from the NCAA talking heads:
EAST LANSING - Things might have worked out differently for Kevin Pauga if not for the superior oblique palsy in his left eye, which required two surgeries at age 12, led to scoliosis in his back and effectively ended any chance of a high school sports career.
Then again, maybe not. Long before that, he was a 5-year-old reading the TV Guide, fascinated by the patterns of scheduling, color coding it for his own enjoyment.
"These are things," he said, "a 5-year-old shouldn't do."
But this was not your typical 5-year-old. And this is not your typical 32-year-old. This is one of the emerging names in college basketball analytics, one that may soon be invoked by hoops geeks everywhere with as much frequency and affection as Ken Pomeroy and Jeff Sagarin.
The NCAA men's basketball selection committee convened Wednesday at the Conrad Hotel in Indianapolis to start putting together the NCAA tournament bracket that will be unveiled Sunday, and the rankings of Pomeroy, Sagarin and Pauga are among the data they'll consider.
A formula Pauga started tinkering with as a Michigan State senior in 2004 was finally published and shared with the public as the KPI in 2013, and now it is cited regularly by Sports Illustrated, ESPN.com and the like.
It has grown into college football rankings and other analytics at KPISports.net, but it started as a kid who wanted to improve on the RPI - the Ratings Percentage Index, developed by the NCAA in 1981 and still used as the committee's primary vehicle for sorting information about teams.
"I saw some major flaws in the RPI," Pauga said. "So what I tried to do in my 22-year-old, punk-ish way was try to come up with a better solution."
The RPI assesses a team taking into account its winning percentage (25% of the ranking), the winning percentage of its opponents (50%) and the winning percentage of its opponents' opponents (25%). It has been tweaked over the years and, for example, now counts a road win as 1.4 wins and a home win as 0.6 of a win.
The KPI ranks the games, each team's profile consisting of a growing log from best performance to worst. Each night, he enters that day's results into a 60-megabyte Excel file that he calls the "matrix" - it's around 5,600 games this season and counting.
The KPI uses opponent winning percentage, opponent strength of schedule, scoring margin, pace and location in its rankings. And the adjustments for home/road/neutral are set by the data, not pre-determined - in other words, if a college basketball season ever saw road teams win more than home teams, home wins would count for more than road wins.
"It's become one of the favorites in the room," MSU athletic director Mark Hollis said of the 10-member selection committee and the KPI, which Hollis brought to the committee in 2013 after encouraging Pauga to make it public.
For the 2013-14 season, the committee used the KPI as a discussion point. This season, it has become part of a breakdown sheet each Monday delivered to committee members, comparing the RPI top 100 with KPI, Sagarin, Pomeroy, BPI and LRMC rankings.
"It's genius," David Worlock, NCAA director of media coordination and statistics, said of Pauga's formula. "And as a stats junkie myself, it's admirable - it's not like he has a staff."
It's obvious to anyone whose followed the selection process and seedings closely over the past ten years that the committee doesn't follow any of these indexes as it's primary source year in year out. Rather it's a blend of those systems and personal preference (have no other explanation for some of the selections). There are studies out there (one from Harvard) which illustrates what a poor predictor the RPI is as far as predicting games compared to KenPom and others. Probably a discussion for another thread.
Remember....the NCAA basketball tourney is the only sporting event from which the NCAA receives the revenue. I'm not naïve enough to think TV ratings from matchups and teams in the field don't play a role. The NCAA has a vested interest unlike any other college game or event.